NZD/USD Technical Analysis 05.06.2013

DailyFX

NZD/USD Technical Analysis– Prices are consolidating above around the 0.85 figure. Near-term trend line resistance is at 0.8558, with a break above that targeting swing highs at 0.8585 and 0.8675. Trend line support is at 0.8453. A move beneath that eyes a pivot support level at 0.8389.

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Forex_NZDUSD_Technical_Analysis_05.06.2013_body_Picture_5.png, NZD/USD Technical Analysis 05.06.2013

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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